Rickard Gustafson appointed President and CEO
GOTHENBURG, Sweden, Jan. 12, 2021 /PRNewswire/ -- The Board of AB SKF has appointedRickard Gustafson as new President and CEO. Rickard Gustafson will succeedAlrik Danielson and join SKF during the first half of 2021. Rickard Gustafson is currently the President and CEO of the SAS Group. Before ...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Dec. 30, 2020 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 December, the Company's share capital amounts to SEK 1,138,377,670 and the total number of ...
Alrik Danielson to step down as President and CEO during 2021
GÖTEBORG, Sweden, Nov. 17, 2020 /PRNewswire/ -- The Board of AB SKF and Alrik Danielson have jointly agreed that Alrik Danielson will leave his role as President and CEO in 2021, a role he has held sinceJanuary 2015. The Board has started the process of recruiting a new President and CEO. Hans S...
SKF Capital Markets Day 2020: delivering on our transformation
GOTHENBURG, Sweden, Nov. 4, 2020 /PRNewswire/ -- SKF's virtual Capital Markets Day on 4 November will focus on the transformation of the Group into an even stronger SKF. This includes transformation of SKF's manufacturing footprint, operational improvements, new business models and technology inv...
SKF consolidates manufacturing and organisational structure in France
GOTHENBURG, Sweden, Nov. 3, 2020 /PRNewswire/ -- SKF today announces a consolidation and restructuring of various manufacturing, business and administrative functions inFrance. Consequently, manufacturing of slewing bearings would be moved from Avallon to St-Cyr-sur-Loire, resulting in the propo...
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, Oct. 30, 2020 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 October, the Company's share capital amounts to SEK 1,138,377,670 and the total number of s...
Registration for SKF Capital Markets Day 2020 is now open
GOTHENBURG, Sweden, Oct. 28, 2020 /PRNewswire/ -- SKF welcomes institutional investors, financial analysts and financial media to the Group's first virtual Capital Markets Day on 4 November at 13:00-16:00 (CET). To participate, please register at:https://skf.6connex.com/event/4/register. During ...
SKF Nine-month report 2020: Strategy implementation continues to drive strong results
GOTHENBURG, Sweden, Oct. 27, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "SKF's transformation into a more customer-focused, innovative and lean business continues. Our strong results in the third quarter illustrate that we are delivering on the implementation of our strategy, inclu...
SKF to publish nine-months results on 27 October
GOTHENBURG, Sweden, Oct. 16, 2020 /PRNewswire/ -- SKF will publish its nine-months results for 2020 on27 October 2020 at approximately 13:00 (CET). Investors, analysts and media are invited to join a Webcast, which will be held in English, at 14:00 (CET). Participants will have the opportunity t...
Nomination Committee of AB SKF for the Annual General Meeting 2021
GOTHENBURG, Sweden, Sept. 25, 2020 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on 26 March 2020, this is to announce, due to changes of the four largest shareholders by number of votes, the representatives who, together with the Chairman of the Bo...
SKF joins the Renewable Energy 100 initiative
GOTHENBURG, Sweden, Sept. 23, 2020 /PRNewswire/ -- As part of SKF's goal to achieve Carbon Neutrality for its global manufacturing operations by 2030, the company is pleased to announce that it has joined the Renewable Energy 100 (RE100) initiative. RE100 is a global initiative bringing together...
SKF invests in strengthened competitiveness in North America
GOTHENBURG, Sweden, Sept. 22, 2020 /PRNewswire/ -- SKF is investing approximatelySEK 550 million in strengthening its manufacturing footprint and competitiveness inNorth America. Approximately SEK 350 million is being invested in expanding and automating manufacturing processes at the Group's f...
SKF and Deacero in fee-based partnership to improve performance
GOTEBORG, Sweden, Sept. 21, 2020 /PRNewswire/ -- SKF is partnering with Deacero, the Mexican steel manufacturer, to improve performance and reduce downtime at their steel rolling mill inCelaya. The partnership is built on a fee-based set-up covering bearings, bearing remanufacturing, maintenanc...
Nomination Committee of AB SKF for the Annual General Meeting 2021
GOTHENBURG, Sweden, Sept. 15, 2020 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF on26 March 2020, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute t...
SKF Half-year report 2020: Continued very strong operating result, despite sharp fall in demand
GOTHENBURG, Sweden, July 21, 2020 /PRNewswire/ -- Alrik Danielson, President and CEO: "We have delivered another very strong operating result, despite sales falling by 25% during the second quarter. This performance allowed us to continue to build a stronger SKF, maintaining high levels of inves...
SKF's Capital Markets Day on 4 November 2020 Will be Digital
GOTHENBURG, Sweden, July 13, 2020 /PRNewswire/ -- SKF welcomes institutional investors, financial analysts and financial media to the Group's first virtual Capital Markets Day which, as previously announced, will be held on 4 November. During this digital event, participants will get updates from...
SKF to Publish Half-year Results on 21 July
GOTHENBURG, Sweden, July 1, 2020 /PRNewswire/ -- SKF will publish its half-year results for 2019 on 21 July at approximately 07:30 (CET). Investors, analysts and media are invited to join a conference call, which will be held in English, 08:30 (CET). To join the conference call, please dial-in ...
SKF Announces Changes to Group Management
GOTHENBURG, Sweden, June 30, 2020 /PRNewswire/ -- Bernd Stephan, President, Automotive and Aerospace, has stepped down from his role in Group Management for health reasons. Responsibility for Automotive sales and the Aerospace business unit has been assumed on an interim basis byAlrik Danielson,...
SKF Invests Further SEK 400 Million in Ball Bearing Manufacturing in China
GOTHENBURG, Sweden, June 17, 2020 /PRNewswire/ -- SKF is making further investments in strengthening its manufacturing footprint inChina for ball bearings. The investment is in-line with the Group's region-for-region manufacturing strategy. The Group announced a SEK 370 million investment in a n...
SKF Issues SEK 3 Billion Bond
GOTHENBURG, Sweden, June 3, 2020 /PRNewswire/ -- Today, SKF has issued a bond of SEK 3 billion with a four-year maturity, which expires on 10 June 2024. The bond was issued in two tranches withSEK 2,100 million at a floating interest rate based on 3 month Stibor with a premium of 1% andSEK 900 mil...
